ANSWERS: 3
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Look for a reverse mortgage instead of a home equity loan. A reverse mortgage is designed for people like you. With it, you are paid a set sum each month The terms can be arranged so that the payments continue after one of you dies. When the other dies, the condo becomes the property of the bank.
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Here is an excellent article from AARP that can help you: http://www.aarp.org/money/revmort/
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Hope this one can help you..^_^ http://www.fiscal-wise.com.my/
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